Nigeria’s stock market returned to the positive territory on Wednesday as the All Share Index (ASI) increased slightly by 0.15 percent at the close of trading session.
The value of listed stocks increased by N30billion as more investors mopped up value counters at low prices.
Amid a mixed trading session which ended up in the green, market watchers expect a similar trading pattern on Thursday with some investors cherry picking attractive stocks and others selling off for mild gains.
The Nigerian Exchange Limited (NGX) All Share Index and market capitalisation stood higher at
38,564.7 points and N20.099trillion respectively, from preceding day low of 38,507.29 points and N20.069trillion.
The market’s negative return year-to-date (YtD) stood lower at -4.24percent at the close of trading. In 4,387 deals, investors exchanged 302,722,917 units valued at
N2.809billion.
Cornerstone led the gainers table after its share price increased from 50kobo to 55kobo, up by 5kobo or 10percent.
It was followed by shares of that of Morison which moved up from N1.24 to N1.36, adding 12kobo or 9.68percenr and Learn Africa which increased from 92kobo to 98kobo, adding 6kobo or 6.52percent.
Banking stocks were actively traded on the Nigerian Exchange Limited led by Sterling Bank, ETI, Wema Bank, GTBank and Japaul Gold.
